London —  British pubs group JD Wetherspoon plans to raise up to £94m in its second cash call from investors since the start of the Covid-19 pandemic, as the government's latest order to close hospitality venues hammers its finances.

While mass vaccination started across Britain towards the end of 2020, stay-at-home orders since Christmas — which followed some local curbs in the run-up to the holidays — crushed any hopes of a quick rebound in the sector...

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